Is Netflix A Sell Or ‘No. 1 Buy’?; Broadcom Price Target Hiked Ahead Of Earnings

 
 
JED GRAHAM

Netflix (NFLX) got conflicting coverage Monday, while Broadcom (AVGO), Micron Technology (MU) and Ulta Beauty (ULTA) all received price-target hikes. Netflix Axiom Capital started coverage on Netflix with a sell rating and an 80 price target, saying that increasing competition limited the streaming service company’s pricing power, while it also faces rising content costs. But RBC Capital Markets, citing its new surveys of U.S., U.K. and Brazilian users, said Netflix is its No. 1 buy. “we continue to believe that Netflix can grow its subscriber base while increasing price by continuing to improve its content offerings and proving out its value proposition to users – all this while increasing its